Tennessee Valley Asset Management Partners Takes Position in Philip Morris International Inc. (NYSE:PM)

Tennessee Valley Asset Management Partners bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 346 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors also recently made changes to their positions in the stock. Invesco Ltd. grew its holdings in Philip Morris International by 33.5% in the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after buying an additional 4,304,089 shares in the last quarter. Wellington Management Group LLP grew its holdings in Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after buying an additional 3,121,732 shares in the last quarter. Boston Partners grew its holdings in Philip Morris International by 38.5% in the 3rd quarter. Boston Partners now owns 4,940,922 shares of the company’s stock worth $456,368,000 after buying an additional 1,372,520 shares in the last quarter. London Co. of Virginia lifted its position in Philip Morris International by 52.2% in the third quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock worth $287,956,000 after purchasing an additional 1,066,871 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Philip Morris International by 24.7% in the third quarter. Envestnet Asset Management Inc. now owns 4,841,714 shares of the company’s stock worth $448,246,000 after purchasing an additional 958,894 shares during the period. 78.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Insiders have sold a total of 15,250 shares of company stock valued at $1,411,128 in the last three months. 0.14% of the stock is currently owned by company insiders.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $97.66 on Wednesday. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79. The stock has a fifty day moving average of $91.46 and a 200-day moving average of $92.10. The company has a market capitalization of $151.82 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The company had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts forecast that Philip Morris International Inc. will post 6.38 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.32%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 103.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research report on Tuesday, February 13th. Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Hold” and an average target price of $105.40.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.